Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from INDIA to SRI LANKA

Data collected on: Aug 07, 2024-Aug 23, 2024
INR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (INR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 3.60 and exchange rate charged 3.502.90
Total cost (%)
2.902.90
Total cost (INR)sort descendingTotal cost (USD)sort descending
385.705.80
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
545.008.20
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.19
Total cost (%)
4.294.29
Total cost (INR)sort descendingTotal cost (USD)sort descending
570.578.58
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
545.008.20
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.19
Total cost (%)
4.294.29
Total cost (INR)sort descendingTotal cost (USD)sort descending
570.578.58
Firm
Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
590.008.87
Exchange rate margin (%)
0.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.20
Total cost (%)
4.644.64
Total cost (INR)sort descendingTotal cost (USD)sort descending
617.129.28
Firm
Bank of India
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
590.008.87
Exchange rate margin (%)
0.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.20
Total cost (%)
4.644.64
Total cost (INR)sort descendingTotal cost (USD)sort descending
617.129.28
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
264.673.98
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 3.57 and exchange rate charged 3.472.90
Total cost (%)
4.894.89
Total cost (INR)sort descendingTotal cost (USD)sort descending
650.379.78
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
795.0011.95
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.87
Total cost (%)
7.857.85
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,044.0515.70
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,095.2516.47
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.15
Total cost (%)
8.388.38
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,114.5416.76
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,095.2516.47
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.15
Total cost (%)
8.388.38
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,114.5416.76
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,045.0015.71
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.87
Total cost (%)
9.739.73
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,294.0919.46
Total Average Third Quarter 2024
6.006.00
Total Average Second Quarter 2024
6.236.23
Total Average
Fee
656.529.87
Exchange Rate Margin (%)
1.061.06
Total Cost Percent (%)
6.006.00
Total Cost (INR) Total Cost (USD)
797.8712.00
Non-Transparent records
Bank account transfer Credit Card Debit card
Less than one hour Next day 2 days
Bank account Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (INR)sort descendingTotal cost (USD)sort descending
Firm
Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
590.008.86
Exchange rate margin (%)
0.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.20
Total cost (%)
1.971.97
Total cost (INR)sort descendingTotal cost (USD)sort descending
656.019.85
Firm
Bank of India
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
590.008.86
Exchange rate margin (%)
0.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.20
Total cost (%)
1.971.97
Total cost (INR)sort descendingTotal cost (USD)sort descending
656.019.85
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
809.9412.16
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.19
Total cost (%)
2.622.62
Total cost (INR)sort descendingTotal cost (USD)sort descending
872.4613.10
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
809.9412.16
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.19
Total cost (%)
2.622.62
Total cost (INR)sort descendingTotal cost (USD)sort descending
872.4613.10
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 3.60 and exchange rate charged 3.502.90
Total cost (%)
2.902.90
Total cost (INR)sort descendingTotal cost (USD)sort descending
965.7014.50
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,095.2516.45
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.15
Total cost (%)
3.443.44
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,145.5217.20
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,095.2516.45
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.15
Total cost (%)
3.443.44
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,145.5217.20
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
809.9412.16
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.87
Total cost (%)
4.304.30
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,431.9021.50
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
662.679.95
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 3.57 and exchange rate charged 3.472.90
Total cost (%)
4.894.89
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,628.3724.45
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,059.9415.92
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.87
Total cost (%)
5.055.05
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,681.6525.25
Total Average Third Quarter 2024
3.323.32
Total Average Second Quarter 2024
3.573.57
Total Average
Fee
752.2911.30
Exchange Rate Margin (%)
1.061.06
Total Cost Percent (%)
3.323.32
Total Cost (INR) Total Cost (USD)
1,105.5616.60
Non-Transparent records
Bank account transfer Credit Card Debit card
Less than one hour Next day 2 days
Bank account Mobile wallet
Least Costly Corridors To Sri Lanka
Least Costly Corridors From India
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